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Updated almost 7 years ago on . Most recent reply

Nick B.'s profile image
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Nick B.
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  • from North Richland Hills, Texas
  • Member since Mar 23, 2013
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Nick B.'s profile image
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Nick B.
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  • from North Richland Hills, Texas
  • Member since Mar 23, 2013
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Nick B.
  • Investor
  • North Richland Hills, TX
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Multi-Family and Apartment Investing

New apartment construction cost

Nick B.
  • Investor
  • North Richland Hills, TX
Posted

Hello BP!

I am looking for first hand information about new apartment construction cost in Texas (preferably in DFW).

If anyone has been involved in new development or knows somebody who has, please let me know a typical cost per unit or per sqft.

Thank y'all
Nick

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Nick B.'s profile image
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Nick B.
  • Investor
  • from North Richland Hills, Texas
  • Member since Mar 23, 2013
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Nick B.'s profile image
Nick B.'s profile image
Nick B.
  • Investor
  • from North Richland Hills, Texas
  • Member since Mar 23, 2013
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Nick B.
  • Investor
  • North Richland Hills, TX
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1,111
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Nick B.
  • Investor
  • North Richland Hills, TX
Replied

Just to clarify, I have an opportunity to invest in a new A class development but their cost is $92K/unit including land. The number seems to be low that's why I asked. The land should relatively cheap as this is a small city (pop. 30K) on the outskirts of DFW.

The developer of this project is not completely new but not a big one either. 

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